Article

2020-04-10 Economy

Stocks Just Had Their Best Week in Decades

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Posted by Besoeker 2020-04-10 01:29|| || Front Page|| [11127 views ] Top

#1 I drink in regret and I drink in self-satisfied congratulation.

So far, my liquor bill is holding steady.

Posted by Anomalous Sources 2020-04-10 01:42|| 2020-04-10 01:42|| Front Page Top

#2 Eventually we'll realize it's all make-believe money, at least for the average person.

Posted by Glenmore 2020-04-10 02:53|| 2020-04-10 02:53|| Front Page Top

#3 Some people thought the stock market was overvalued before the corona crisis, so imagine how overvalued it is now with earnings and revenue in the toilet with things shut down.

Posted by Clem 2020-04-10 05:01|| 2020-04-10 05:01|| Front Page Top

#4 A lot of companies are going to report first quarter earnings in the next couple of weeks, and those are going to make Rosie O'Donnell look like Ingrid Bergman. On the other hand, if CD rates are close to zero and Chevron's dividend is 6%, you have to think about it.

Posted by Matt 2020-04-10 09:27|| 2020-04-10 09:27|| Front Page Top

#5 Good point. Really, who in their right mind would buy CD's or even gov't bonds at or near zero (or, in Europe, negative rates)? Not like the old days when retired people relied on their 5% interest at their Savings & Loan.

Posted by Clem 2020-04-10 09:40|| 2020-04-10 09:40|| Front Page Top

#6 #5 A couple of years ago I would have said that you buy government paper for the credit quality. But today I hear tell that Johnson & Johnson and Microsoft actually have higher credit ratings than the US gummint (AAA vs. AA). Which tells you something about where all this deficit spending is going to take us.

Posted by Matt 2020-04-10 10:18|| 2020-04-10 10:18|| Front Page Top

#7 Rumor they are going to relax federal requirements for Banks to have capital to guarantee annuties..?

So much for those contracts if true.

Posted by crazyhorse 2020-04-10 10:55|| 2020-04-10 10:55|| Front Page Top

#8 And think about the FDIC for a moment. There is no way they can guarantee covering the funds of depositors in case of bank failures given what the FDIC has "in the bank" compared to what all of us have in our banks. But given this recent activity by the Fed, if they should even think to pull some kind of bail-in, then all Hades should break loose.

Posted by Clem 2020-04-10 13:59|| 2020-04-10 13:59|| Front Page Top

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